For those in the market for a new home.

[Richard Cranium]

Nice, but it's lacking a 1/4 mile drag strip.

 

[WileE]

I used to have my own "test 1/4 mile" nearby. A stretch in an industrial area that was seldomly used. However, with development in years since, it's become a heavily used artery. No matter, my "testing" days have subsided.

 

[Triplegreen500]

Nice, but it's lacking a 1/4 mile drag strip.

That would be fun. Might be able to exercise my motorcycles some...hehe....

 

[Kern Dog]

Lottery, here I come !

 

[chargervert]

Lottery, here I come !

The lottery is a game for people who are bad at math.

 

[Dave6T4]

Nice, but it's lacking a 1/4 mile drag strip.

Is Wayne selling his place? LOL

 

[YY1]

New 50 year mortgage will allow you to have reasonable monthly payments and only pay the financial institution 3 times the price versus todays 30 year note where you repay almost twice the borrowed amount.

 

[cr8crshr]

Question...How can anyone even afford to purchase any real estate, let alone finance the exorbitant purchase price and loan shark juice/interest that is being charged these days? I know I cannot, but at least I got in when the ability to do so was far more affordable and a very low interest rate to boot! Plus, I have not tapped my equity at all and probably will not as I have some cash reserves built up and Buillon that I can sell...cr8crshr/Bill

 

[WileE]

and Buillon that I can sell...cr8crshr/Bill

what flavors ?

 

[dadsbee]

Too bad the pond has an obstacle in it... LOL

 

[Richard Cranium]

Question...How can anyone even afford to purchase any real estate, let alone finance the exorbitant purchase price and loan shark juice/interest that is being charged these days? I know I cannot, but at least I got in when the ability to do so was far more affordable and a very low interest rate to boot! Plus, I have not tapped my equity at all and probably will not as I have some cash reserves built up and Buillon that I can sell...cr8crshr/Bill

You’re looking at it from your own personal financial point of view, but trust me, there’s a lot of people with a lot of money out there. I know because I worked for them. Considering the size of the property and what’s on it, 2 1/2 mil sounds like a deal when I see home prices in the area I live in.

 

[Budnicks]

Nice, but it's lacking a 1/4 mile drag strip.

Looks like it has plenty of room to put a dragstrip on it
& some facilities/concessions to accommodate fans too...

When I was looking to "possibly" buy a golf course
I was looking at newer courses (& easily be able to finance a bunch of it)
or shorter courses that came with resdients &/or property to build on
to recoup some $$$
prices from $3.3 million, turnkey new operations
to barely over $1 mill, older courses (this was almost 20 years ago now)
one a cash cow, a 9 hole with a driving range & practice amenities,
& a lil' restaurant & pro-shop, only a couple miles from my house

One was right across the street/hwy from Thunder Valley in Bristol Tn. area
it was a great deal for the amount of property, 2 newer houses,
a new country club & various out buildings, on like 260+ (?) acres
downright steal compared to real-estate out here
(albeit I found a couple great deals here too)
I didn't want to relocated to the east of the Mississippi river/eastern coast,
even if it was in Tennessee...
Weather sucks

 

[DeltaV]

A 50 year mortgage loan means the sellers and builders will raise their prices!

 

[cr8crshr]

You’re looking at it from your own personal financial point of view, but trust me, there’s a lot of people with a lot of money out there. I know because I worked for them. Considering the size of the property and what’s on it, 2 1/2 mil sounds like a deal when I see home prices in the area I live in.

I know RC. But this Ol' Fart just cannot wrap my feeble mind around how much money so many people have these days. I ain't got much, never made over a very low 6-figure income in my working career, and watch every $$$ I bring in and what goes out. Add my small but very consistent investments, and I'd say I am doing really average and existing OK!!! But like you said...It's how I am looking at it personally...cr8crshr/Bill

 

[Budnicks]

A 50 year mortgage loan means the sellers and builders will raise their prices!

they already "all have"
so have the building material suppliers too...